Bank of New York Mellon Corp Sells Over 29,000 Shares of Carter’s, in 2023

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CARTER’S ($NYSE:CRI): The sale was part of the bank’s strategy to diversify their investments and reshape their portfolio. They offer an expansive selection of clothing, accessories, and gifts for infants and toddlers. They have grown to be one of the top brands in the market. They believe that this move will open up many new opportunities for them and allow them to continue to expand their reach in the industry.

Additionally, they are confident that their continued focus on quality products and customer service will ensure success in the future.

Market Price

Media coverage of the sale was largely positive. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Carter’s. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Carter’s. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Carter’s. More…

Key Ratios Snapshot

Some of the financial key ratios for Carter’s are shown below. More…

Analysis

GoodWhale has conducted an analysis of CARTER’S and found that it is classified as a ‘cow’ company. This means that CARTER’S has been consistent in paying out sustainable dividends. CARTER’S is an attractive investment opportunity for those looking for steady income and potential capital appreciation. The health score of 8/10 indicates that CARTER’S is in good shape with regards to cashflows and debt payment ability, which means that it is capable of paying off debt and funding future operations. Furthermore, it is strong in dividend and profitability but medium in asset and weak in growth. These indicate that it is a reliable company for investment with potential for growth. More…

Peers

The company’s competitors include Children’s Place Inc, Apranga APB, and Boot Barn Holdings Inc.

– Children’s Place Inc ($NASDAQ:PLCE)

Children’s Place Inc is a publicly traded company with a market capitalization of 506.93M as of 2022. The company’s return on equity is 55.72%. Children’s Place Inc is a specialty retailer of children’s apparel and accessories. The company operates through two segments: North America and Europe. Children’s Place Inc offers a variety of merchandise, including clothing, footwear, accessories, and gifts. The company was founded in 1969 and is headquartered in Secaucus, New Jersey.

– Apranga APB ($LTS:0KJF)

As of 2022, Apranga APB has a market cap of 103.12M. The company’s return on equity is 19.95%. Apranga APB is a Lithuanian clothing retail chain. The company was founded in 1989 and is headquartered in Vilnius, Lithuania. Apranga APB operates in Lithuania, Latvia, and Estonia. The company operates a chain of stores under the Apranga and APB brands. Apranga APB offers a range of clothing, footwear, and accessories for men, women, and children.

– Boot Barn Holdings Inc ($NYSE:BOOT)

As of 2022, Boot Barn Holdings Inc has a market cap of 1.71B and a Return on Equity of 23.87%. The company is a retailer of western and work-related footwear, apparel, and accessories for men, women, and children.

Summary

Despite the large divestment, analysts have deemed the move as a positive indicator for Carter’s, Inc., noting that this could be seen as a sign of confidence in the company’s future prospects. Investors looking to enter the stock now may be rest assured that it is showing positive trends and has potential for growth in the future. As such, many analysts are recommending Carter’s, Inc. as a buy.